In 2024, the crypto market saw a surge to record levels, driven by institutional adoption. Bitcoin reached a new all-time high of $108,364, contributing to the overall market cap of $3.91 trillion in December. Institutional acceptance, regulatory clarity, and key BTC acquisitions were the main drivers of this growth. However, a market correction occurred when the US Federal Reserve reduced its scheduled rate cuts. Despite this, Bitcoin ended the year with over a 120% year-to-date market cap gain, surpassing silver and Saudi Aramco to become the seventh-largest asset globally. Stablecoins like USDT and USDC maintained dominance, but Ethena's USDe became the third-largest stablecoin. Decentralized spot and perpetual volumes reached record highs, as did lending and liquid staking processes. AI agents also gained popularity in the crypto industry, with tokens for AI agents valued at billions of dollars. Overall, the crypto industry looks set for further growth in 2025, driven by institutional interest and global adoption.



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